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Decrease in CPI Inflation Continues, Reports Ghosh

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India's CPI inflation fell to a 25-month low of 4.25% in May 2023, led by a decline in tomato prices and more moderate rainfall. Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser at State Bank of India, predicts that the average CPI will be 4.9% in FY24, with another RBI MPC pause expected in August 2023.

May 2023 CPI Inflation Predicts Dip to 2-Year Low

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India's CPI inflation is expected to continue its downward trend in May 2023 due to base effects and easing energy costs. Analysts predict it may fall lower than April's 18-month low of 4.7%. The RBI has revised its inflation forecast downward, potentially prompting rate cuts to support growth.

L&T Finance Holdings Announces Record High Dividend Payment

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L&T Finance Holdings Limited (LTFH) declares highest dividend of Rs. 2 per equity share for financial year 2022-23. Strong business performance and a strengthened balance sheet position the Company well for its Lakshya 2026 targets.

Odisha GST collections grow by over 11% in May 2023

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Odisha reports GST collection growth of 11.17% in May 2023, reaching INR 4,397.73 crore. The state saw a total collection of INR 9,433.47 crore.

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China smartwatch shipments at 3-year low

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China's smartwatch market sees lowest shipment in 12 quarters with Huawei, Apple, and BBK (imoo) holding almost 60% of the market in Q1 2022, says Counterpoint Research. High-level operating system smartwatches saw the least YoY drop, with Huawei leading at 27%. Shenghao Bai, Counterpoint's senior analyst, specializes in research on wearables and mobile devices in China.

Decrease in CPI Inflation Continues, Reports Ghosh

Business 0
India's CPI inflation fell to a 25-month low of 4.25% in May 2023, led by a decline in tomato prices and more moderate rainfall. Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser at State Bank of India, predicts that the average CPI will be 4.9% in FY24, with another RBI MPC pause expected in August 2023.

L&T Finance Holdings Announces Record High Dividend Payment

Business 0
L&T Finance Holdings Limited (LTFH) declares highest dividend of Rs. 2 per equity share for financial year 2022-23. Strong business performance and a strengthened balance sheet position the Company well for its Lakshya 2026 targets.

Odisha GST collections grow by over 11% in May 2023

Business 0
Odisha reports GST collection growth of 11.17% in May 2023, reaching INR 4,397.73 crore. The state saw a total collection of INR 9,433.47 crore.

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Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US

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Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.

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